MKR CPA Blog
Explore our monthly updates featuring expert insights on accounting news, retirement tips, and industry-specific content for veterinarians, retail & distribution firms, small businesses, and construction companies.
Social Security Realities You Should Be Aware of When Preparing for Retirement
While Social Security typically plays a role in planning for retirement, it’s important to be clear on the specifics of this benefits program. It definitely can be a source of financial support, but there are a few realities to be aware of so you’re not caught off...
How Nonprofits Can Raise Major Gifts Post-Pandemic
As we begin to see the light at the end of the tunnel in regards to Covid-19, it’s helpful to review the basic strategies of working with individual donors to raise major gifts. Below is an overview of how to strategize raising major gifts in a post-pandemic world....
What You Should Know About the Surprisingly Complex Roth IRA Five-Year Rule
The Roth IRA is a unique retirement savings tool. While there is no upfront tax break with a Roth IRA, it grants you tax-free management of your income and gains as long as you retain your investments within the account. Roth IRAs are also flexible, which allows for...
Small Business Grants to Help Your Small Business Thrive in the Late Stages of the Pandemic
Small business grants offer free capital to start or grow a business, and when a global pandemic hits, the need for such grants only increases. Read on if you’re looking for grants to help you pull through the late stages of the COVID-19 pandemic and its aftermath....
How Your Clinic’s Pharmacy Can Compete with E-Commerce and Big Box Retailers
With big-box retailers and ecommerce powerhouses like PetSmart, Walmart, and Chewy.com offering online pharmacies, private practices are finding that their bottom lines are being affected. Now is the time to strengthen your clinic’s pharmacy with proactive business...
These Growing Trends in Professional Services Organizations Promote Growth and Sustainability
Professional services organizations were already doing their best to embrace the challenges of ever-evolving technology developments when COVID-19 hit, forcing remote work, which in turn affected project delivery and resource management. Read on for growing trends...
What to Do with Your 401(K) When You Change Jobs
No matter the reason for leaving a company, you need to decide what to do with your employer-sponsored retirement plan within 60 days of leaving. If you miss this deadline, you risk the plan being automatically distributed to you or moved to another retirement...
How to Plan for Income Gaps in Retirement
The definition of a retirement gap is when the income you are on track to have when you retire—from sources like Social Security, pensions, part-time work, or a 401(k)—falls short of the income you will actually need to retire the way you want. While you may be...
Small Business Success Strategies for Thriving in a Post-Pandemic Digital World
The Covid-19 pandemic has proven to business owners that a major key to long-term growth and success is found in digital strategy. No matter your industry or niche, businesses need the following core attributes in order to prosper in a post-pandemic digital world....